Tidemark, a Redwood City CA-based developer of business planning and enterprise analytics solutions, raised $32m in funding.
Backers included Silicon Valley Bank and existing investors Greylock Partners, Andreessen Horowitz, Redpoint Ventures and Tenaya Capital.
The company, which brought the total funding to date to $80m, intends to use the funds to accelerate its global sales and marketing efforts.
Led by Christian Gheorghe, founder and CEO, Tidemark provides a cloud-first enterprise performance management (EPM) platform which brings financial and operational business planning and analytics to improve decision-making and improve business performance. It features real-time collaboration, and actionable visualizations on any device.
Its newly launched Tidemark Playbooks allow users to create a highlight thread of information to understand the narrative of their company’s performance and act on potential problems as well as model new solutions.
In addition to Playbooks, the company has released a new Spring ’14 release, which includes more than 40 new innovations such as
Advanced In-context Analysis, Business Method Framework. and Business Initiatives Planning, which add its applications spanning Financial Consolidation, Financial Planning, Operational Planning, Metrics Management, Labor & Expense Planning, and Profitability Management.
Customers include Netflix, Chiquita, Hostess Brands, Chuck E. Cheese’s, HubSpot, ServiceSource and Brown University.
FinSMEs
29/04/2014